I have a new ride!
I've had a leased sedan for the last 3 years, and Thank God my lease was up in time for us to purchase something larger that we could fit all 3 kids in once the twins are born.
We decided to purchase a car with cash and keep it pretty simple, so we could keep out of car debt. I am a stay-at-home mom, and I really only need something to take us around town for errands plus the occasional out of state trip to see family. I knew I wanted a Honda Odyssey, as it has the ability to fit all three car seats across in the 2nd row (I may be a wimp, but I am just not ready to put Victoria in the 3rd row). Plus we love the reliability and quality of Hondas.
So after a month of stalking Craigslist and AutoTrader.com, we finally found this car in a small town about an hour from our home. We went to check it out and were very happy with the condition. We were able to pay for it right then and bring it home.
I love my "new" van, and Victoria often asks to go for a ride in "the big car". We are really excited to have a car that not only fits our family, but also our dog and cargo items when we travel. What a blessing (and what a change!)!
Am I missing the convenience of having a new car? Honestly, no. I am really happy with this purchase, and even happier that we own this car completely, with no payments. It is safe, it is reliable, and it isn't beige (did I ever mention I have a thing against beige cars?). I'm just praising God for providing us with this van.
Also, now that we no longer have a lease payment, we are simply continuing to pay the lease payment to ourselves so that we can save to buy future cars with cash as well. The debt-free life is not an easy pursuit, but we are continuing to work in that direction!
How about you? Would you rather have a new car and a car payment, or own an older car outright?